Interest rates18 Jun 2022 21:24
I am showing my age here but I remember 15% interest rates and the then Tory chancellor saying if it aint working it aint working and unemployemnt is the price worth paying. Back then it seemed if you took out a mortgage or loan you were considered an adult and if times got hard you tightened your belt and cut back as required as sh*t happens in life. .Back then we did not have constant headlines about cost of living crisis every day brain washing people like now making out its all the gov fault not their poor budgeting..Now it seems if anything effects peoples holidays, mortgages or irresponsible loans etc etc they have taken out to buy their Suv Mercs and BMW's which they dont NEED its all the governments fault not theirs and somebody else must help them. What happened to personal responsibility ?.My first flat had an old black and white TV as the licence was cheaper no land line phone no microwave , video recorders etc etc etc & second hand furniture.Point was if I could not pay cash for it I could not afford it and just made do.Now its buy now and blame everybody and anybody else when you cant pay it off.I do wonder at the double standards recently on the news , you have Catastrophic 0.25% interest rate rise causing catastrophic cost of living crisis !!! and then the next news item is thousands of holiday makers moaning about cancelled flights. If they were skint they would not be going on holiday !!! lets be honest the cost of thir airport parking , I-phones and sky subscription is far hight than any .25% interest rate rise will ver be its a joke. In a nut shell if you cant afford it outright dont bloody buy it and consider yourselves lucky interest rates are only 1.25% I would of killed for that back in the 1980/90's.